\begin{tabular}{|l|l|l|l|}\hline \( \begin{array}{l}\text { A deck contains } 8 \text { cards labeled } 1 \text { through } 8 \text {. A card is randomly } \\ \text { selected and returned to the deck. The deck is shuffled. Then } \\ \text { another random selection is made. }\end{array} \) & \( \begin{array}{l}\text { Event A: The first } \\ \text { selection is a } 3 .\end{array} \) \\ \hline & \( \begin{array}{l}\text { Event B: The second } \\ \text { selection is a } 6 .\end{array} \) \\ \hline A family has two children. & \( \begin{array}{l}\text { Event A: The older } \\ \text { child is a girl. }\end{array} \) \\ \hline Event B: Both \\ children are girls. \\ \hline A number cube with sides labeled 1 through 6 is rolled twice. & \( \begin{array}{l}\text { Event A: The first roll } \\ \text { Is a } 4 .\end{array} \) \\ \hline Event B: The second \\ roll is a 5. & \\ \hline\end{tabular}
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The Deep Dive
The concept of probability dates back to ancient times, with roots in gambling and games of chance. The first formal studies emerged in the 16th century, particularly from mathematicians like Gerolamo Cardano. They examined the likelihood of events occurring, laying the groundwork for modern statistical theory. This rich history reveals how probability hasn't just been a theoretical concept but also a practical tool used in making decisions in uncertain situations. In the realm of real-world applications, probability plays a vital role in fields such as finance, healthcare, and marketing. For instance, in finance, analysts use probability to forecast market trends based on historical data. In healthcare, probability helps in predicting outcomes of treatments and understanding patient risks. This practical use of probability enables businesses and professionals to make informed decisions based on likely scenarios, turning chance into a strategic advantage.